AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at...
Silver is now testing major resistance at 16.56 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, Elliott wave corrective structure) and a strong reaction could occur at this level to push price all the way down to 16.19 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95%...
EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could...
EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support).
RSI (89) is still holding well above our ascending support line and only a break of this...
AUDUSD has broken out of our major resistance shooting up strongly. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at 0.7818.
RSI (89) has made a bullish exit from...
NZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low...
Bitcoin is testing major resistance at 8587 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a drop from this level could occur pushing price down to 6064 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 9876 (Fibonacci retracement, horizontal pullback resistance).
Trading CFDs on...
EURUSD is making a strong pullback to our double top reversal resistance. Such setups usually occur where there are players pushing price up to get in on the good level. Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and our major support is at 1.2083 (Fibonacci retracement, horizontal...
AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (89) has made a bullish exit from our long term descending...
NZDUSD is testing major support at 0.7185 (Fibonacci retracement, horizontal overlap support, Elliott wave structure) and a strong bounce could occur at this level to drive price up to at least 0.7276 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing major support above 5.4% where a corresponding bounce could...
GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding...
EURUSD has formed a really nice double top reversal setup and this could drive price all the way down to 1.2083 major support (Fibonacci retracement, horizontal pullback support). Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and we have to watch for a pullback to this level first.
RSI...
CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce...
BTCUSD is back to testing our major resistance at 8057 (shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a long term descending resistance line hold price down really well and...
LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41...
GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal...
USDCAD is testing major resistance at 1.2580 (Fibonacci extension, Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to drive price down to 1.2454 before 1.2414 support (Fibonacci retracement, corrective Elliott wave structure potential. We have to be careful of the intermediate support...
BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a long term...
